XRPBTC trade ideas
XRP looks like it will run on top the next really! Look at XRP today. We are currently crossing our MA resistance and pumping our way higher to the next fibo resistance.
So xrp has in the lást months a lot of problems with sec. It looks like we will see some news in the near future regarding the lawsuit.
A good conclusion would instantly push the price to new highs. So keep in mind. we are up already 10%. Maybe cost average would be a good way to get the risk away.
As always have a nice day and leave a follow for daily news
XRPBTC in both a doublebottom & a bullflag pattern on the weeklythe green measured move price target is for if we confirm the double bottom breakout...the tan colored breakout is if we confirm the bull flag breakout...odds arew good if we trigger the double bottom breakout we will in turn then trigger the bull flag target as well. Price action is still currently retesting the double bottom neckline as support whioch increases the probability of a bullish breakout...should we reach the bullflags measured move target xrp will make a 73% gain against bitcoin as well as secure a higher high on the weekly...both would be very bullish developments for xrp.
short term idea for XRPyou can short xrp for short term if it retest our support it can go up then you take long position. If XRP break the support level we can get easily 20 to 30% more droup down in XRP.
Remember
it is a short term analysis so act as short term.
more ideas on this analysis welcome in comment section.
Possible dip in xrp0.00001576 is an important line, it's yet possible for btc to retrace to 18_25
So dip in xrpusdt in my personal point of view is at 0.28_0.4 for spot, for future it's 0.32,
Reply to this idea if and only if you have similar idea,
Otherwise this idea means nothing and it's not financial advice at all
Elliott Wave Analysis: XRPBTC May Retest 2017 LowsHello Crypto traders!
Today we will talk about XRPBTC cryptocurrency cross pair as we see an interesting development.
Well, XRPBTC is down since the beginning of 2018 and we see it trading in third leg C, but wave C is a motive wave and it has to completed with five waves, ideally as part of an ending diagonal (wedge) pattern, which can retest 2017 lows before we will see a bullish reversal.
Something similar has already happened between 2015 and 2017 and if we consider that BTC.Dominance is trading at the lows and strong support, then we would not be surprised if XRPBTC remains in the downtrend for some time.
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XRPBTC - Weekly chart 🌗🌗🌗This is the weekly chart for XRPBTC.
To me it seems that we are in a very big falling wedge pattern. The upper trend line started acting as resistance since 22/01/2018, we have about 7 resistance touches and 3 as support which makes it a valid pattern to me. It will be notable once we can finally see a candle close above the resistance line.
What else we can see is that we are currently in a major demand zone ( blue box)
On the XRPBTC chart we still have a lot of room to move higher , that’s also the case for XLM and LTC.
For every new follower I will add a new idea :)